Nomura, Daiwa to lead sales push for SoftBank IPO, Japan's biggest offering

Nomura, Daiwa to lead sales push for SoftBank IPO, Japan's biggest offering

Photographer: Akio Kon/Bloomberg

Nomura Holdings Inc and Daiwa Securities Group Inc will lead the sales effort for Japan’s biggest initial public offering ever, the sale of stock in SoftBank Group Corp‘s domestic wireless operation, according to two people familiar with the matter.

Nomura plans to sell about 630 billion yen ($5.5 billion) of shares in the SoftBank unit in Japan and overseas, while Daiwa is responsible for underwriting about 450 billion yen, according to the people, who asked not to be identified because the details are private.

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